Generally, one of the biggest retirement mistakes you can make is to leave an old 401(k) behind at a previous employer. Yet, people often make this mistake when switching jobs or retiring.
By Kurt Mears & Daniel Amiot, Advance Capital Management Financial Advisers
When saving for retirement, one of the first steps is determining where to put your money. Look up retirement plans and you’ll find a peculiar medley of letters and numbers, such as 401(k), IRA and Roth IRA, 457, SEP IRA and 403(b). What may sound like a list of secret societies or highway interstates is essentially government code for retirement accounts and plans available to American workers and savers.
As an AT&T employee, one of the most important financial decisions you’ll make comes near the end of your career: Should I choose an AT&T lump sum or monthly annuity pension?
Do you have a will or an estate plan? Around half of you reading this said “no.” And of those of you who said “yes,” most haven’t updated their will or plan in some time. If there’s a common unaddressed problem in the financial plans of many adults of all income levels, it’s what to do about their assets when they’re gone.
For many Amway employees, the opportunity to retire comes earlier than planned. To restructure its workforce, Amway will at times present retirement-eligible employees with a voluntary separation offer. This provides a financial incentive to voluntarily leave the company, should you accept it.
For Amway workers, the ability to retire on your terms depends greatly on the health of your 401(k). The Amway 401(k) plan allows you to grow your savings for retirement.
As a major business with thousands of employees, it is not uncommon for Amway to announce workforce reductions in an effort to cut costs or restructure its workforce.
At the most basic level, college commencement speeches are intended to inspire and motivate graduates about to enter the “real world.” But these speeches often convey timeless pieces of wisdom that are relevant to anyone – including those 10, 20, 30 or even 40 years out of college.
By Kurt Mears & Daniel Amiot, Advance Capital Management Financial Advisers
